LUMMIS ASSET MANAGEMENT, L.P.

RIASEC RegisteredEst. 2021
Total AUM
$210M
Discretionary
$210M
100% of AUM
Avg account
$1.6M
Accounts
129
Employees
1
Advisory reps
2

Firm details

Headquarters
FORT WORTH, Texas
CRD number
114357
Registered since
June 8, 2021
Custodians
CHARLES SCHWAB & CO., INC., FIFTH THIRD SECURITIES, INC.
Fee structure
Percentage of AUM, Hourly Charges
Client types
  • HNWI87.59%
  • Charitable Organizations10.19%
  • Individuals2.22%
Services
Portfolio Management for IndividualsPublication of Periodicals

Firm profile

FINTRX

Overview

Lummis Asset Management, L.P. is a partnership-style registered adviser that began SEC registration in 2021. The firm serves individual and family clients as well as institutional investors, offering portfolio management for individuals and small businesses alongside periodic publications or newsletters. Its fee model combines a percentage-of-AUM charge with hourly billing. The adviser reports no active ESG program, does not operate as a multi-state adviser, and is neither a capital allocator nor a related adviser to another firm.

Assets & Accounts

Public Holdings

Investments & Alternatives

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 68%, Public Funds/Mutual Funds 14%, Cash & Cash Equivalents 14%, US Government Bonds 1%, State & Local Bonds 1%68%
  • Exchange Traded Equities68%
  • Public Funds/Mutual Funds14%
  • Cash & Cash Equivalents14%
  • US Government Bonds1%
  • State & Local Bonds1%

Owners & executives

1 of 1
  • MICHAEL WIMBERLEY

    Chief Operations OfficerCRD 3070924

Contacts

1 of 1
  • PALMER LUMMIS

    General PartnerCRD 3144187

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 38

Active vs passive

$6.7M in ETFs

Passive

97%

$6.5M

Active

1%

$220K

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD PACIFIC STOCK INDEX FUND (VPL)VanguardPassiveDiversified Pacific/Asia$1.4M14,26020.96%

Location

Primary office

FORT WORTH, TX

TARRANT

Location

FORT WORTH, TX

Headquartered in FORT WORTH, TX, anchoring the Dallas-Fort Worth, TX-OK metro in the South.

Metro area
Dallas-Fort Worth, TX-OK
Region
South
County
TARRANT
Address
301 Commerce St
Time zone
CT (UTC-6)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth